Investor excitement around artificial intelligence (AI) has been sky-high over the past year, lifting a wide range of stocks. And among the biggest beneficiaries is Teradyne (TER), a semiconductor testing and robotics company that has quietly become a major AI winner. The company’s shares have surged by well over 100% in the past year, powered by strong demand tied directly to the AI boom.
Although Teradyne operates behind the scenes, it still plays a crucial role in the AI supply chain. The company makes sophisticated equipment used to test semiconductors and electronic circuits, exactly the kind of components found in today’s high-performance AI chips. That places Teradyne in a favorable position, with momentum across multiple fast-growing AI chip categories, including both compute and memory.
